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Law
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Cigna to pay $3.5m penalty for over-charging customers

It is the largest penalty the FMA has secured in an enforcement case.

FMA head of enforcement Margot Gatland.

NBR Staff Tue, 17 Jan 2023

Cigna Life Insurance New Zealand has been ordered to pay a $3.575 million penalty, the largest the Financial Markets Authority has secured in an enforcement case.

That comes after it admitted to making false and/or misleading representations to customers over inflation increases to premiums and

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NBR Staff Tue, 17 Jan 2023
Contact the Writer: editor@nbr.co.nz
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Cigna to pay $3.5m penalty for over-charging customers
Law,
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